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Serbia and Hungary strengthen economic ties: Strategic cooperation advances

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Minister of Economy Adrijana Mesarović met today with the Hungarian Ambassador Jožef Zoltan Mađar to discuss enhancing economic cooperation. Mesarović emphasized that bilateral relations between Serbia and Hungary are at a historical high, thanks to intense political dialogue and collaboration at all government levels, underscored by frequent meetings and excellent relations between President Aleksandar Vučić of Serbia and Prime Minister of Hungary Viktor Orbán.

“Our relations provide a solid foundation for further economic development, and we aim to build upon this strong base,” Mesarović stated, highlighting Serbia and Hungary’s mutual market interdependence. Ambassador Jožef Mađar praised Hungary’s significant investments in Serbia and expressed expectations for increased Serbian investor presence in the Hungarian market.

He particularly emphasized Hungary’s interest in enhancing cooperation in the development of small and medium-sized enterprises. The officials agreed that joint financing of SMEs to facilitate joint market entries in third countries is a beneficial mechanism.

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To further advance their relationship, the next Strategic Cooperation Council meeting is scheduled for September 2024, at Hungary’s invitation. The Strategic Cooperation Council was established on June 20, 2023, in Subotica, reaffirming both countries’ commitment to deepening their partnership.

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